HEADSHOOT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HEADSHOOT
Largest movements
- Cash +€16,883
up €16,883 (+41.9%), from €40,283 to €57,166
mainly Net result for the year (+€20,049) and Tax, wage and social debts (+€6,305)
- Receivables within one year +€7,480
up €7,480 (+60.4%), from €12,393 to €19,873
- Tangible fixed assets -€2,735
down €2,735 (-28.3%), from €9,671 to €6,937
of which Furniture and vehicles: -€1,476
- Reserves +€20,049
up €20,049 (+45.9%), from €43,645 to €63,694
- Tax, wage and social debts +€6,305
up €6,305 (+54.2%), from €11,632 to €17,937
- Trade debts -€2,481
down €2,481 (-66.1%), from €3,756 to €1,275
- Other debts -€1,819
down €1,819 (-97.2%), from €1,870 to €52
- Gross operating margin -€4,430
down €4,430 (-12.3%), from €36,094 to €31,664
- Depreciation -€2,116
down €2,116 (-43.9%), from €4,825 to €2,709
- Taxes -€738
down €738 (-9.5%), from €7,754 to €7,015
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,404 | €85,458 | +€22,054 | +34.8% |
| Fixed assets | 21/28 | €9,671 | €6,937 | -€2,735 | -28.3% |
| Tangible fixed assets | 22/27 | €9,671 | €6,937 | -€2,735 | -28.3% |
| Plant, machinery and equipment | 23 | €2,754 | €1,495 | -€1,258 | -45.7% |
| Furniture and vehicles | 24 | €6,917 | €5,441 | -€1,476 | -21.3% |
| Current assets | 29/58 | €53,733 | €78,522 | +€24,789 | +46.1% |
| Amounts receivable within one year | 40/41 | €12,393 | €19,873 | +€7,480 | +60.4% |
| Trade receivables | 40 | €12,393 | €19,873 | +€7,480 | +60.4% |
| Cash at bank and in hand | 54/58 | €40,283 | €57,166 | +€16,883 | +41.9% |
| Deferred charges and accrued income | 490/1 | €1,057 | €1,483 | +€426 | +40.3% |
| Total equity and liabilities | 10/49 | €63,404 | €85,458 | +€22,054 | +34.8% |
| Equity | 10/15 | €46,145 | €66,194 | +€20,049 | +43.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €43,645 | €63,694 | +€20,049 | +45.9% |
| Distributable reserves | 133 | €43,645 | €63,694 | +€20,049 | +45.9% |
| Amounts payable | 17/49 | €17,258 | €19,264 | +€2,006 | +11.6% |
| Amounts payable within one year | 42/48 | €17,258 | €19,264 | +€2,006 | +11.6% |
| Trade debts | 44 | €3,756 | €1,275 | -€2,481 | -66.1% |
| Suppliers | 440/4 | €3,756 | €1,275 | -€2,481 | -66.1% |
| Taxes, remuneration and social security | 45 | €11,632 | €17,937 | +€6,305 | +54.2% |
| Taxes | 450/3 | €11,632 | €17,937 | +€6,305 | +54.2% |
| Other amounts payable | 47/48 | €1,870 | €52 | -€1,819 | -97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,825 | €2,709 | -€2,116 | -43.9% |
| Other operating charges | 640/8 | €628 | €611 | -€17 | -2.7% |
| Non-recurring operating charges | 66A | €500 | €1,016 | +€516 | +103.2% |
| Gross operating margin | 9900 | €36,094 | €31,664 | -€4,430 | -12.3% |
| Operating profit (loss) | 9901 | €30,142 | €27,329 | -€2,813 | -9.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1550.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1550.0% |
| Financial charges | 65/66B | €134 | €265 | +€132 | +98.6% |
| Recurring financial charges | 65 | €134 | €265 | +€132 | +98.6% |
| Profit (loss) for the period before taxes | 9903 | €30,008 | €27,064 | -€2,944 | -9.8% |
| Income taxes | 67/77 | €7,754 | €7,015 | -€738 | -9.5% |
| Profit (loss) for the period | 9904 | €22,255 | €20,049 | -€2,206 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,255 | €20,049 | -€2,206 | -9.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.